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Q&A

Filing a Tax Return

Our treasurer feels we do not need to file a tax return, do we?
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If your group is a tax-exempt 501c3 charity, you need to file IRS form 990, 990ez, or 990n each year. This is a tax information return. You aren't required to make a payment, but you are required to report your income to the IRS. The article Tackling Your PTO Tax Return has more information.
- Craig
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Tackling Your PTO Tax Return: https:/www.ptotoday.com//pto-today-articles/article/392-tackling-your-pto-tax-return

Your organization MUST file a tax form each and every year. Which one depends on your tax status. If you are a 501 (c) (3) organization and do not file your form 990 or 3 consecutive years, you will loose your tax exempt status.
- jenilou28
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